June/August 2007 www.micpa.com.my KDNPP 3809/3/2008 The Malaysian Accountant JUNE/AUGUST 2007 EDITORIAL BOARD Datuk Robert Yong Kuen Loke (Chairman) Loh Lay Choon Dato’ Hj Maidin Syed Ali Ng Kim Tuck Dato’ Nordin Baharuddin See Huey Beng Sam Soh Siong Hoon Tan Chin Hock Chia Kum Cheng (Co-opted) Esther Tan Choon Hwa (Co-opted) INSTITUTE NEWS page 24 FEATURE page 5 LIFESTYLE page 59 PRINCIPAL OFFICE BEARERS President PERSPECTIVE Dato’ Nordin Baharuddin Vice President FEATURES Dato’ Ahmad Johan Mohammad Raslan Intellectual Property Rights. The Right to Protect & Profit From It 3 PRINCIPAL OFFICERS Internet Piracy - Copyright Infringement and Adequacy of Malaysian Law 5 Executive Director Basis of Recognition of Income for Property Developers 10 Foo Yoke Pin (
[email protected]) Wither the External Audit in Corporate Governance? 15 Technical Manager Towards Selecting and Maintaining an Effective Internal Audit Function? 18 Melissa Yeoh (
[email protected]) Training Manager PEOPLE Joseph Leong (
[email protected]) Dato' Nordin Baharuddin Public Affairs At The Helm Dato’ Johan Raslan } 19 & Communications Manager Vicky Rajaretnam (
[email protected]) INSTITUTE NEWS Assistant Operations Manager Suzana Mohd Hulaimi (
[email protected]) 49th MICPA Annual Dinner 24 Examination Officer Recipient of Anugerah Presiden 2007: Lee How Lai (
[email protected]) YM Raja Datuk Arshad Raja Tun Uda 26 Membership Services Officer 49th MICPA Annual General Meeting 29 Adzlyn binti Aladzimy Extraordinary General Meeting 32 (
[email protected])